Beneficiary Designations: Still the Biggest Mistake in Estate Planning
Of all the mistakes clients make before they die, failing to consider the implications of beneficiary designations on non-probate assets...
The Dangers of a Parent Moving-in with a Child
Each year, may parents move into a child's home, which often creates excellent planning opportunities for the parent. However, caution...
The Benefits of a Parent Moving-in with a Child
Each year, many parents move into a child's home, for various reasons, including: (1) allowing the child to provide care for the parent;...
Understanding Federal Estate Tax
The Federal Estate Tax changed significantly in early 2013, and many Americans are still catching up with the changes. Here is a laymen's...
How Much Can I Gift? (Up to $14,000 per year, right?)
One of the most common questions we receive from parents of any age (but especially over 65) is how much the person or couple is able to...
Utilizing the "Disabled Child" Exception to the 5-Year Look-Back Rule
It is fairly well-known that any person over the age of 60 years old may face a penalty if the person applies for Medicaid within 5 years...
Converting Traditional IRAs for Spousal Spend-Down
When a spouse enters a skilled nursing home—and may need Medicaid in the future—there are several well-known exempt assets. These include...
Understanding Financial Powers of Attorney ("General Powers of Attorney")
Financial Powers of Attorney ("POAs") are increasingly important, since many persons who live long enough will need assistance from...
Successfully Appealing a Medicare Denial
The first 100 days in a nursing home is a particularly critical time for a spouse or parent transitioning into skilled nursing home care....
Understanding Health Care Powers of Attorney and Living Wills
Health Care Powers of Attorney and Living Wills are terms that are commonly known, but seem to be constantly misunderstood. Part of an...